Public Borrowing Down £4.4bn

Public borrowing for the year to date excluding the temporary effects of financial intervention and the effects of the transfers of the Royal Mail Pension Plan and the Asset Purchase Facility was £99.3bn, £4.4bn down on the same period in 2012-13

Public sector net borrowing (PSNB) in February excluding the temporary effects of financial interventions was £9.3bn including a £2.3bn transfer from the sale of 4G licenses but excluding the £2.7bn asset purchase facility transfer for the month. General government borrowing was £9.7bn of which central government borrowing was £10.4bn and local government borrowing was -£0.8bn, non-financial public corporations borrowing was -£0.3bn. The current budget was -£66.2bn for April to February 2014 and -£6.5bn for February.

Public sector net debt (PSND) for February 2014 excluding the temporary effects of financial intervention was £1246.8bn equal to 74.7% of GDP, up from £1,160.7bn and 72.5% respectively in February 2013. PSND for the purposes of fiscal policy is the total gross financial liabilities less liquid financial assets.

Central government receipts totalled £45.9bn, £0.5bn lower than last February. Central government expenditure in February was £53.8bn, £3.9bn up on last February. Net investment in February was £1.9bn, £2.3bn up on February last year when it was -£0.4bn. Central government net cash requirement for the year to date was £53.2bn down from £70.2bn for the same period in 2012-13.

Public Borrowing Down £4bn

In the financial year to date public sector net borrowing (PSNB) stands at £78.5bn compared with last year's £62.8bn or £15.6bn more than last year. If the effects of temporary financial interventions and the effects of the Royal Mail Pension Plan and the transfers from the Bank of England Asset Purchase Facility Fund are excluded PSNB was £90.7bn, £4bn lower than the same time last year.

In January 2014 PSNB was £-4.7bn (in surplus). Last year at the same time PSNB was £-6bn. Public sector net debt (PSND) in January 2014 was £1,239.5bn or 74.6% of GDP. The central government net cash requirement for the year to date was £49.7bn which is £21.9bn lower than last year when it was £71.6bn.

The current budget for the year to date was £60.1bn and public sector net investment was £18.4bn, the resulting public sector net borrowing figure is £78.5bn.

The public sector current budget (receipts minus liabilities) for January 2014 was £7.9bn and public sector net investment (PSNI) was £3.2bn so PSNB was £-4.7bn. Total central government borrowing amounted to £-4.4bn, of which central government borrowing was £-6bn and local government spending was £1.6bn. Non-financial corporations accounted for £-0.3bn. PSNB ex was £-4.7bn. Public sector banking groups also accounted for £-1.7bn giving a PSNB figure of £-6.4bn.

Government Borrowing £0.2bn Lower Than Last Year

The latest figures from the ONS on public sector finance suggest that in October 2013, public sector net borrowing excluding the effects of financial intervention (PSNB ex) was £8.1bn. General Government borrowing totalled £8.2bn of which central government accounted for £7.7bn and local government £0.5bn. Non-financial public corporations reported -£0.1bn of borrowing. Public sector net debt (PSND) was £1207.2 or 75.4% of annual GDP. The public sector current budget was -£5.7bn and public sector net investment (PSNI) was £2.3bn.

Government Borrowing Down £1.3bn

The key measures of the public sector finances published by the ONS show that in August 2013 public sector net borrowing was £13.2bn, £1.3bn lower than in August 2012 when it was £14.4bn. This is because the public sector current budget was -£11.2bn and public sector net investment was £1.9bn. Public sector net debt was £1,193bn or £74.6% of annual GDP.

The sectoral breakdown of public sector borrowing (PSNB) shows that in August 2013 general government borrowing was £13.8bn of which central government accounted for £12.7bn and local government £1.1bn. Non-financial public corporations accounted for -£0.6bn and gives the PSNB figure of £13.2bn.

The central government net cash requirement (CGNCR) was £9.1bn, £0.6bn up on last year. The CGNCR for the 6 months from April to August 2013 was £26.4bn, 12.6% or £3.8bn lower than in the same period the previous year.

These figures exclude the temporary effects of financial intervention.

Public Sector Finances In July

Public Sector Net Borrowing (PSNB) in July was £0.1bn, £0.9bn more than in July last year (excluding temporary effects of financial intervention). Net debt was £1,193.4bn or 74.5% of GDP. The central government net cash requirement increased by £3.9bn to £19bn, £4.9bn less than the same time last year. The current budget was £1.8bn.

Net Borrowing Lower Than In 2012

In 2012 public sector net borrowing (PSNB) was £33.5bn lower than in 2011/12 at £85bn, excluding temporary effects of financial interventions.

PSNB in May 2013 at £8.8bn was £6.9bn lower than in May 2012 when it was £15.6bn. The current budget was -£11.3bn and public sector net investment was £1.4bn. If the figures exclude the effects of the Bank of England Asset Purchase Facility and the Royal Mail Pension Plan PSNB equals £12.7bn and net investment £1.4bn.

Public sector net debt excluding the temporary effects of financial interventions (PSND ex) was £1,189.2bn or 75.2% of GDP.

Public Borrowing Up In April

Government borrowing fell by £35.8bn to £85.1bn in 2012-13. PSNB was £120.9bn in 2011-12. In April government borrowing was £6.3bn, £25.4bn up on April 2012 when it was -£19.1bn. At the end of April 2013 government debt was £1,185.3bn or 75.2% of GDP. PSND in April 2012 was £1,086.5bn or 70.6% of GDP.

The current budget, the difference between receipts and expenditure for April was -£5.6bn compared with -£8.2bn in 2012 a difference of £2.5bn. Net investment was £0.7bn.